firemystdl
Junior Member
What is the name of your state? Virginia
Hey everyone,
What type of deposit is it when Party A wishes to take and inspect some items for a possible sale from Party B. In return Party B requests a sum of money, to be returned when Party A completes their inspection of the items?
To me, just using the word "deposit" indicates a "down payment", for which it is not. I thought "security deposit", but I could only find that being used between landlords and tenants.
Can anyone help?
Thanks.
Hey everyone,
What type of deposit is it when Party A wishes to take and inspect some items for a possible sale from Party B. In return Party B requests a sum of money, to be returned when Party A completes their inspection of the items?
To me, just using the word "deposit" indicates a "down payment", for which it is not. I thought "security deposit", but I could only find that being used between landlords and tenants.
Can anyone help?
Thanks.